New York-based Blockchain company Blockstack, has announced that it has raised $4 million in a new funding round led by Union Square Ventures, with participation by Lux Capital, Naval Ravikant, Digital Currency Group, Compound, Version One, Kal Vepuri and Rising Tide.
“This is a huge vote of confidence for the new decentralized internet. These investors share our vision and we’re proud to be able to partner with them,” stated Blockstack in a blog report.
The Blockstack community is working towards the release of a new browser and app development platform that will allow anyone to use the new decentralized internet and the apps that are built on it and the new funding round will allow them to expand the team and contribute more development resources to the Blockstack open source project.
“We believe the dream of building a truly decentralized internet is now within reach. We’re grateful for the support and enthusiasm of the Blockstack community and are looking forward to building upon the existing momentum. If you share our vision of fixing the internet, come join our community and consider joining our team full time.” they added.